Bloomberg Daybreak Asia: Nvidia Earnings Beat
Nvidia Corp. Chief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for 'exponential growth.' The company expects revenue of about $45 billion in the second fiscal quarter, which runs through July. New export restrictions will cost Nvidia about $8 billion in Chinese revenue during the period, but the forecast still met analysts' estimates. We got reaction from Daniel Newman, CEO of the Futurum Group. Plus - The equity market drifted lower prior to Nvidia's results. We speak to Tim Pagliara, Chairman and Chief Investment Officer, CapWealth.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
29 minutes ago
- Bloomberg
EU Poised to Curb China's Access to Medical Device Procurement
The European Union is set to curb Chinese medical device manufacturers' access to public procurement contracts in the bloc, according to a person familiar with the matter. EU countries are due to vote on the proposed measure as early as Monday, said the person, who spoke on condition of anonymity to discuss private deliberations.
Wall Street Journal
32 minutes ago
- Wall Street Journal
Global Markets, U.S. Futures Lower on Trade Tensions
Global stocks and U.S. futures started the new month lower after President Trump threatened to double tariffs on steel and aluminum, and trade tensions escalated between China and the U.S. Late Friday, Trump said he would increase tariffs on steel and aluminum up to 50%, starting Wednesday. The president also accused China of breaking a trade truce agreed in mid-May, which China has denied.
Wall Street Journal
37 minutes ago
- Wall Street Journal
Fed's Waller: I'd Support 'Good News' Rate Cuts This Year
A short-lived bump in tariff-driven inflation could pass quickly enough to allow interest-rate cuts this year, especially if levies ease, Federal Reserve governor Christopher Waller said. New trade barriers are likely to push up prices in the short term, but inflation probably won't stick around as stubbornly as it did in the early 2020s, Waller said in a speech in South Korea. 'I would be supporting 'good news' rate cuts later this year,' assuming tariffs levels are moderate and inflation and unemployment look healthy, he said, according to a text of his speech. Read more:
